A mortgage loan is negotiated. Compare and be firm in your negotiations, you save a lot of
money! It must correspond to your situation and your real needs. Ask questions, write everything
down, and defend your interests as best you can. Follow the leader !
Start by finding out: what are the current interest rates? What offers are available and which
financial organizations should you turn to? Even if it takes you time, you will gain a lot!
First of all, check what your credit score is. It is your main asset to ensure a good negotiation. If
she’s not well behaved, do what you need to do to improve her. Pay off all your outstanding
debts.
You ask for a lower rate, provide your arguments: you have a stable job, your bank accounts are
regularly in good shape, in short, provide all possible guarantees to strengthen your case. The
lender wants to be reassured!
Of course, the key word is compare. Don’t jump on the first offer that comes along for fear that
the house you want will slip away from you. Study all the offers and analyze everything: interest
rates, closing costs, and any possible conditions.
Do not hesitate to also negotiate the closing costs, or even eliminate them. They may be more
important than you imagine.
The longer the term, the higher the interest rates. Study all the options loan duration / repayment
amount, and of course total cost of the loan. And of course, make sure that you will be able to
honor the reimbursements.
Is a mortgage broker expensive? No, it will find you the best offers and conditions. Making you
money is his job. But be careful, check that he is qualified and experienced.
By following all these tips, all you have to do is enjoy your new home in complete peace of mind.
Be happy !
anna billydog